House Financial Services Committee Chairman Barney Frank, a Massachusetts Democrat, fired back in a statement noting that Republicans controlled Congress from 1995-2006 "and that is the period in which the absence of regulation, into which they want a criminal investigation, occurred." Frank added, "House Republicans appear to be demanding a criminal investigation of their failure to legislate.
He said that Democrats have been trying to advance reform Fannie Mae and Freddie Mac legislation.
Republicans blocked regulation? MY ASS they blocked regulation. It was the Democrats who stated that "nothing is wrong" at Fannie Mae 2 WEEKS after an OFHEO report found MASSIVE amounts of accounting fraud. It was Democrats who blocked the Federal Housing Enterprise Regulatory Reform Act Of 2005 It was Democrats who ignored President Bush's 17 Warnings about the problems at Fannie/Freddie.
Every time I see Barney Frank open his mouth I want to shove a huge patty of horse s@$% down his throat because recently, that's all that's been coming out of his mouth.
Barney Frank, I hope you are fired from the House Financial Services Committee, and get thrown in jail after all of this.